The Business Times, 11 February 1999

Total Pages: 44
1 44 The Business Times
  • 15 1 THE BUSINESS TIMES mi MIT A r 85C SINGAPORE Internet: http://business-times.asia!.com.sg/ THURSDAY, FEBRUARY 11, 1999
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  • 62 1 □sn UMJS (-19.81) rjVTSU md H7JI (-9.52) nsnranFTOIEB mm 187J0 (-6.50) PTHAUETHOODe ÜbDtwi STOCK MABIET ERDHJES Wednesday Change KLSEOOMP 44&I5 -1J9 NIKKEI 13*14* +48.74 HANG SEND 1,***** -lttl# SET INDEX 314.74 lit JAKARTA OOMP _JKtt_-4.il MANILA COUP _WK.I» -|7« TAIPEI WPI 4.ZS&M +7417 SEOUL OOMP ***** +L11 CLSA
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  • 81 1 FOBEXBinSB uss s$ USS 1.896 £(US$/SS per 1) 1.832 2.786 EUHO(USS/SS per B) 1.12* 1913 DM 1.7*5 0178 YEN llfij 1.470 KM 1800 0.448 HKI 7.749 0219 BAHT 17.10 9.048 HJPIAH 8,636 0.020* St to 100 units PUMBIA1ES SINGAPORE* 6.91 KUALA LUMPUR 11.50 JAKARTA 28.00 BANGKOK 14.75 MANILA 2190
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  • 26 1 SINGAPORE 2 ASIAN SLUMP 6 REGION 7,13 WORLD 14 EDITORIAL 15 LIFESTYLE. 16 TV 17 MOTORING 18 COMPANIES 19-23 FINANCE 24 COMMODITIES 25 STOCKS 26-30
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  • 664 1  -  Unwinding exercise could release 300 m shares worth $454 m into the market By\ Lee Han Shih [SINGAPORE] The Keppel group of companies plan to dispose of their extensive cross-holdings, in a streamlining exercise that could result in some 300 million shares currently
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  • 971 1  -  Group wants to remain substantial shareholder; sales no more than 10% By\ Siow Li Sen [SINGAPORE] Keppel Tat Lee Bank, which yesterday announced a 27.7 per cent slide in profits to $53 million, said it was in serious talks with several foreign institutions wanting to
    CHRIS LOH  -  971 words
  • 1061 1  - Only of US$1.3b convertible DBS note issue placed out Insufficient demand from high-quality investors at right price By' Wong Wei Kong [SINGAPORE! Government investment company Temasek Holdings yesterday said that only about half of its proposed US$l.3 billion convertible DBS note issue had been placed out, as there was insufficient
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  • 738 1  -  Discount varies from counter to counter but could be more than 30%: sources From Ruth Wong in Kuala Lumpur MALAYSIA is considering setting up a private consortium to buy over at a sizeable discount some 10 billion Malaysian
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  • Page 1 Advertisements
    • 113 1 IHSIIMB Cost is not the only reason why Singapore's electronics exports have lost market share in the US, P|4 ■Mpfagnm Officials at China's troubled Guangdong Enterprises (Holdings) declined to comment on rumours that the firm's creditors stand to lose 50% of the principal on all outstanding loans to the company,
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    • 15 1 $144 m loss as Keppel wipes the slate clean, Pg 19 Kepland down, Pg 19
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    • 167 1 Singapore Banks In Ttansttkxi %The foreigners, they H|^l come in, they will just wallop us. You'll all have f to work for them. It's not K the control. They don't want to run the local B bank, you have to run it for them. They'll let you control it. 9
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  • SINGAPORE AT HOME & ABROAD
    • 630 2  -  It is bidding for deals which call for investments of a few hundred million dollars each: GEO By\ Ronnie Lim IN a major shift from its earlier strategy of starting small overseas, Singapore Power is now "actively looking" at several
      630 words
    • 267 2 i ORCHARD Road shoppers will get to experience a bit of France when a twinning agreement is signed on April 10 between Orchard Road and another famous shopping street, the Champs Elysees in Paris. J Teo Chiang Long, chair- man of the Orchard
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    • 294 2 The Straits Times SINGAPORE Democratic Party leaders Chee Soon Juan and Wong Hong Toy will make their defence on Feb 22 and 23, on charges relating to giving a public talk without a licence. The case against the two was adjourned till after
      The Straits Times  -  294 words
    • 194 2 FINANCE Minister Richard Hu will deliver this year's Budget statement in Parliament on Feb 26, the Clerk of Parliament said yesterday. The upcoming Budget is not expected to contain any major initiatives as it comes on the heels of the $10
      194 words
    • 237 2 BUSINESS sentiment for the first half year has improved among manufacturers, with a majority likely to invest in plant and machinery this year, an Economic Development Board (EDB) survey showed. The quarterly business expectations survey found a weighted 18 per cent of industrialists expecting
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    • 152 2 SUPERMODEL Amber Valetta arrived in Singapore yesterday to launch Elizabeth Arden's new signature fragrance Splendor. Today, she will present a donation of $10,000 from Elizabeth Arden and its Singapore distributor, Bista Corporation, to the National University of Singapore Endowment Fund. Elizabeth Arden yesterday said
      SIEW YAW HOONG  -  152 words
    • 445 2 New building is first customised facility under JTC's third-party scheme CONTROL instrumentation company Honeywell yesterday became the first of three tenants at Jurong Town Corporation's Changi Business Park (CBP) to commit spending some $40 million over the next 10 years on a new building
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    • 355 2  -  EYE ON THE ECONOMY Business liquidity By] Eugene Low THE number of employers who defaulted on their Central Provident Fund contributions declined through the year last year, but mostly due to stricter enforcement. An average of 1.21 per cent of employers defaulted on their CPF
      Source: Dept of Statistics  -  355 words
    • 426 2 Need to let S'pore&ns know grave situation and yet not shake their confidence SINGAPORE'S greatest challenge now is to make its people realise the economic situation they face is grave and yet not shake their confidence, Deputy Prime Minister Lee Hsien Loong
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    • 350 2  -  They aim to create confidence in safety of Net commerce Reports by' Toh Han Shih SINGAPORE has established regulations that enable people to create digital signatures and electronic documents in cyberspace that are legally binding and secure. Called the Electronic Transactions (Certification Authority)
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    • 256 2 BY next year, people in Singapore can make payments using electronic cheques, Network for Electronic Transfers (Nets) chief executive officer Wee Tew Lim told reporters yesterday. The Electronic Cheque (ECheque), the first of its kind in Asia, is sent via email and can be
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  • Page 3 Advertisements
    • 86 3 Global know-how. The fast pace of change and the close connections between international financial centres, mean worldwide expertise is essential. You need specialists: to observe political and economic trends, currency developments, interest rates and stock market movements, and to draw the right conclusions, locally and globally. And you need powerful
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  • SINGAPORE'S EXPORT COMPETITIVENESS
    • 1524 4  -  Or are other exporters simply catching up and pulling ahead? Reports by. Anna Teo [SINGAPORE] NATSTEEL Electronics is a hot stock pick with many analysts, but you might not know it talking to its chief financial officer Chay Yee Meng. He isn't too upbeat,
      Source: US Census Bureau  -  1,524 words
    • 403 4 That's the way to boost the flagging exports amid growing competition, says MAS study [SINGAPORE] Between 1991 and 1996, the electronics exports of Singapore and Malaysia gained market share in the key markets US, Europe and Japan at the expense of Hongkong, South
      FILE PHOTO  -  403 words
    • 376 4 Higher labour, rental costs drive electronics firms overseas: survey [SINGAPORE] Hard hit as many have been by the regional crisis in the past year, venturing abroad to the nearby economies is not just an option for electronics manufacturers in Singapore. It may well be the
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  • Page 4 Advertisements
    • 25 4 Classified First. Looking for a holiday destination? Or simply getting away from it all? Top of your itinerary: Jr. v Check Classified First. CATS. B
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  • Page 5 Advertisements
    • 801 5 JTtigt &Zt? *"> fU TMBMBMMMMW fri *The issue size of the public offering is at the sole discretion of the Issuer. The Issuer has the option to increase the maximum issue size from SS3O million to Ssso million. r Hence, your minimum purchase is SSIO.OOO. However, you can buy more
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  • ASIA'S ECONOMIC SLUMP
    • 472 6 Plan includes laws to protect investors and strengthen management of firms AFP [TAIPEI] Taiwan's finance ministry yesterday proposed a package of medium- and long-term measures to strengthen the island's capital markets and boost flagging economic growth. The proposed measures include laws to protect investors, strengthen
      AFP  -  472 words
    • 437 6 AFP {JAKARTA] In a highly critical self-assessment, the World Bank has admitted it may have overlooked warning signs as the "Indonesian miracle" faded because of a desire not to upset Jakarta. In a confidential document, the bank reveals that corruption in Indonesia was
      AFP  -  437 words
    • 271 6 Reuters [MANILA] The Asian Development Bank's new president Tadao Chino said yesterday there was no pressure for China to devalue its currency. "China's balance of payments situation remains good and there is no pressure to devalue," Mr Chino told a news
      Reuters  -  271 words
    • 131 6 Reuters [HONGKONG] Accounting and tax advisory firm PricewaterhouseCoopers said it expects the Hongkong government to forecast a Budget deficit of around HK$7O billion (Ssls billion) for the 1999/2000 fiscal year starting April 1. It also said it expects the government to announce a deficit for the
      Reuters  -  131 words
    • 162 6 Reuters [BANGKOK] Thailand's Lower House of Parliament yesterday passed the third and final reading of a streamlined foreclosure law to help speed up the liquidation of companies put out of business by economic crisis. The house approved the government-sponsored bill with a 209-0 vote
      Reuters  -  162 words
  • Page 6 Advertisements
    • 203 6 In its own confident and quiet style thaf have won endless admirations the world over, the New Golf has come of age with o sophistication beyond comparison. Setting itself apart even further, and in a blistering pace, is a new and awesome 1.8-litre turbo engine to take its performance to
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  • REGION
    • 741 7  -  Minister tells of his vision for Indonesia in what seems like a presidential campaign speech From Shoeb Kagda in Jakarta INDONESIAN Minister for Cooperatives and Small Business Enterprises Adi Sasono delivered what sounded very much like a presidential campaign speech and then
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    • 275 7 BANGKOK Minister says no to opposition demands to publish confidential letter AFP THAI Finance Minister Tarrin Nimmanahaeminda yesterday refused opposition demands to reveal top secret economic data contained in a confidential letter to the International Monetary Fund. Opposition leaders allege Mr Tarrin conspired with
      AFP  -  275 words
    • 449 7  -  By Vikram Khanna [SINGAPORE] The financial problems associated with loan defaults by China's investment trust companies, or Itics, are likely to be manageable, according to Fan Gang, director of the Beijing thinktank, the National Economic Research Institute. In an interview with BT, Mr
      ARTHUR LEE  -  449 words
    • 739 7  -  CHINA WATCH And it's all doe to the growing markettaatlon of the economy By Lu Ning WHAT'S the hottest debate going on in China? If you read the Western press, it must be the recent crackdown on dissidents. Or if you watch the markets, it
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    • 238 7 Media reports say creditors could lose 50% of principal Bridge News [SHANGHAI] Officials at China's troubled Guangdong Enterprises (Holdings) (GDE) contacted by Bridge News yesterday declined to comment on rumours that the firm's creditors stand to lose 50 per cent of the
      Bridge News  -  238 words
    • 127 7 KUALA LUMPUR AFP FOREIGN lawyers can now practise in Malaysia under amendments to a law which allows the attorney-general to issue special admission certificates, reports said yesterday. The amendments to the Legal Profession Act of 1976, which came into effect on Feb 1,
      AFP  -  127 words
    • 549 7 ANWAR'S TRIAL In another blow for Anwar, he roles testimony on PM, ex-IGP inadmissible Reuters [KUALA LUMPUR] The judge in the criminal trial of Malaysia's sacked deputy prime minister Anwar Ibrahim yesterday ordered the media not to report court testimony by Anwar about the
      Reuters; AFP  -  549 words
    • 169 13 TOKYO AFP TOKYO will inject a total of 7.45 trillion yen (5J109.4 billion) into 15 major banks to shore up their capital and encourage further disposals of their bad loans, a report said yesterday. The Financial Reconstruction Commission has decided to inject taxpayers'
      AFP  -  169 words
    • 224 13 CANBERRA Bloomberg [CANBERRA] Australia's Trade Minister Tim Fischer said the strength of the Australian dollar is "a matter of concern" for exporters. Mr Fischer told reporters after releasing the government's 1999 Trade Outcomes and Objectives Statement, the strength of the Australian dollar "in
      Bloomberg  -  224 words
    • 292 13 HONGKONG Association's doubts come after decision over Sally Aw case Reuters HONGKONG barristers yesterday questioned the ability of the head of the justice department to uphold the rule of law after her decision not to prosecute a publishing tycoon because of "public interest". In
      Reuters  -  292 words
    • 401 13 SYDNEY AFP THE decline and fall of Pauline Hanson's anti-Asia One Nation party gathered momentum yesterday as one of its MPs described it as "a party of lies" that pandered to conspiracy theorists and the unstable. Shaun Nelson,
      AFP  -  401 words
    • 580 13  -  This follows China's angry reaction to HK court's decision on residency rights From Loh Hui Yin in Hongkong HONGKONG'S top legal official is going to Beijing shortly to help resolve a controversial Hongkong court ruling that has upset the mainland
      AFP  -  580 words
    • 302 13 MSHANGHAI Focus on building up local banks part of move to boost SMEs AFP CHINA'S central bank has ordered giant national banks to get out of small-town markets so as to "make room" for the development of local banks, the Shanghai Securities
      AFP  -  302 words
    • 110 13 CANBERRA Bridge News AUSTRALIA'S ruling Coalition government has moved to lower the hurdle for its ministers' code of conduct by allowing them to hold shares in companies in the area of their portfolio responsibilities. Under the new proposals, ministers now have the option of relinquishing their
      Bridge News  -  110 words

  • BANKING IN TRANSITION
    • Article, Illustration
      570 8  -  Banking sector liberalisation has thrown up new challenges and opportunities. In the hurry to change banks must not shed their judicious banking sense, writes Slow Li Sen Siow Li Sen IT'S a harrowing time to be a banker in Singapore. In the last 24 months, bankers have had
      SIEW YAW HOONG  -  570 words
    • 1931 8  -  UOB GEO Wee Cho Taw looks into the future of banking industry here and talks about the impact of liberalisation and IT and his strategy to meet challenges c By Siow Li Sen and AlvinTay WEE CHO YAW, a hard-driving banker on
      SIEW YAW HOONG  -  1,931 words
    • 1475 10  -  To be more focused is the new theme at OCBC. It will (Set out of non-core areas and focus on consumer financial services and business Hanking, says CEO Alex Au By I Siow Li Sen, Alvin Tay By Siow Li Sen and AMnTuy ALEX
      CHRIS LOH  -  1,475 words
    • 1227 10  -  Merger or acquisition is not an absolute necessity to achieve its target of at least 15% ROE, says OUB president Peter Seah By i Conrad Raj OVERSEAS Union Bank is determined to grow and remain independent as it enters the next millennium. And
      FILE PHOTO  -  1,227 words
    • 1451 12  -  Bank's CEO is counting on quality service to woo target group of individuals with annual income of $30,000 and above By> Alvin Tay KEPPEL Tat Lee Bank chief executive Benedict Kwek has been through it before. Back in 1991, a year after the Keppel
      CHRIS LOH  -  1,451 words
    • 1755 12  -  Consumers gain ultimately with foreign banks getting set to give local ones a ran for their money By\ Siow Li Sen HISTORIANS looking at how Singapore's financial industry evolved may regard the removal of barriers to full foreign participation in the domestic banking sector as
      SIEW YAW HOONG  -  1,755 words
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  • Page 11 Advertisements
    • 161 11 An OCBC branch, circa 1970s I zJk'- A J I A new look. A new banking experience. CBc Bank I 3 I |g i»/ I ™BJ (S| 24-hour banking, OCBC Tampines Branch, 1999 mspfi U I You 11 find your banking experience with us a little different. At OCBC, More
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  • Page 13 Advertisements
    • 46 13 j race et f astenenc screws. Yellow or white gold. Cartier wishes lovers A Happy Valentine's Day SINGAPORE MILLENIA WALK GROUND FLOOR #01-22/23 TEL 339 0183 NGEE ANN CITY TOWER B GROUND FLOOR TEL 734 2427 HILTON INTERNATIONAL THE SHOPPING GALLERY GROUND FLOOR TEL 235 0295
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  • THE WORLD
    • 493 14 US productivity jumps 3.7% strongest rise in three years WASHINGTON That's our answer to cheap labour costs abroad, says an economist Bloomberg, Reuters WORKER productivity in the US rose at the fastest pace in almost three years during last year's final quarter as unit labour costs fell, helping to hold
      Bloomberg,; Reuters  -  493 words
    • 321 14 WASHINGTON Investigation to focus on allegations that they misled A-G AFP THE Justice Department will investigate possible conflicts of interest in independent counsel Kenneth Starr's probe of the Monica Lewinsky matter, The New York Times said yesterday. The investigation will focus
      AFP  -  321 words
    • 308 14 WASHINGTON It may also raise 1999 US trade deficit by USssob-s6ob Bernama THE Asian crisis has cost American industries US$3O billion (Sssl billion) in lost exports and resulted in manufacturing lay-offs and shrinking farm income, a US congressman said here on
      Bernama  -  308 words
    • 304 14 SAN FRANCISCO Reuters INTERNET advertising revenues for the first nine months of 1998 totalled a record US$l.3 billion (552.2 billion) and were on track to reach US$2 billion for the year, the Internet Advertising Bureau said on Tuesday. According to the quarterly LAB Advertising Revenue
      Reuters  -  304 words
    • 53 14 [STRASBOURG, France] German and French farmers being led by a stockbreeder and his sheen aen'onstrating in front of the European Parliament building in Strasbourg yesterday More than 2,ooofarmers, with more than 1,800 tractors, took part in the protest against the agriculture policy of the
      REUTERS  -  53 words
    • 293 14 WASHINGTON FT CHINA has sharply increased its deployment of missiles aimed at Taiwan in a move likely to raise tensions in the region and strengthen calls in Washington for Taiwan's inclusion in a US-backed regional missile defence system. The Chinese military has stationed
      FT  -  293 words
    • 139 14 WASHINGTON AFP THE Federal Bureau of Investigation and the US Chamber of Commerce on Tuesday announced a joint effort to crack down on economic espionage, estimated to cost businesses US$2 bUlion (553.4 billion) a month. "There is no challenge more ominous
      AFP  -  139 words
  • Page 14 Advertisements
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  • EDITORIAL & OPINION
    • 730 15  -  TUB BOTTOH&nm OPINION By Harish Mehta The writer is BT's Bangkok correspondent. He is also BT's Indochina specialist IT is usually Thailand's democrats who urge the army to disengage from politics and business. So it is a big surprise that Thailand's new army
      730 words
    • 148 15 'We have a joke that there are 25 million pigs in Denmark. But only five million of them know how to walk upright' Arne Astrnp physician and professor at the Copenhagen Royal Veterinary and Agricultural University, on Danish eating habits. 'Danes know exactly what is wrong with
      148 words
    • 632 15 EDITORIAL THERE were at least three surprising elements in the news this week from a senior Japanese trade official that Tokyo is studying the idea of a free trade agreement with South Korea First is Japan's choice of partner; second, the fact that Tokyo should break
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    • 1535 15  -  The situation at the long end of the J6B market may not be as odd as some of the reaction to it Byj Anthony Rowley The writer is BT's Tokyo correspondent SOMETHING very odd is going on in the Japanese Government Bond (JGB) market. It
      FILE PHOTO  -  1,535 words
    • 764 15 Bad basinets from Starr THE GOP is supposed to be the party of big business. If (independent persecutor Kenneth) Starr were a CEO, the stockholders would be clamouring for his head. He tried a hostile takeover and lost. And the company's stock has been plummeting. Despite
      764 words

  • EXECUTIVE LIFESTYLE
    • 932 16  -  All five of the choices for best picture are independent films kemkstbtubak reports KENNETH TURAN LAT-WP LIKE Supreme Court Justice Potter Stewart, who famously said of obscenity, "I know it when I see it", the Academy of Motion Pictures Arts and Sciences
      LAT-WP; AFP; FILE PHOTOS  -  932 words
    • 668 16  -  HEALTH Herbal products could have dangerous side effects or even be spurious By, Jane E Brody NYT [NEW YORK] Whatever it is you may seek a memory boost, weight loss, stress relief, immune enhancement, mood elevation, sexual stimulation or therapy for your ailing heart,
      NYT  -  668 words
    • 529 16 MUSIC LAT-WP [LOS ANGELES] When Dave Matthews was first toying with music in Charlottesville, Virginia, his inspiration and mentor was Tim Reynolds, one of the college town's top musicians. Reynolds would play in clubs where Matthews bartended. So even as albums by his
      LAT-WP  -  529 words
    • 580 17  -  Growing pains are subduing the entertainment district's bustle, says cbaruss v pAftTT CHARLES V BAGLI NYT THE hairline cracks in the revival of Times Square are barely visible between the crews building Madame Tussaud's Wax Museum, the Reuters tower and the Planet Hollywood Hotel, the throbbing neon
      NYT; FILE PHOTO  -  580 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 243 17 Where to wine, dine and (£>&*& 111^ Romantic Candlelight Set Dinner with Room Package 158 per couple Romantic 4-Course Candlelight Set Dinner 388 per couple Happy Valentine's Day International Buffet Dinner $33 (Adult) $18 (Child) All set dnaers mc Ude floss of champape and rosesjar the ladtes /4B prices subject
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    • 193 17 V Celebrate the last century with De Grand... VALENTINE'S DAY LOVER SET MENU V PRICES AT $30 NETT PER HEAD -14 FEB '99 C V P— w > My SPECIAL LOVE 5 Souffle Ometitte With Salmon Top With Tomato Salsa "T k I CHERISH yCXJR LOVE Home Made Minestrone Chicken
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    • 86 17 f3P [♦ftl LUNAR NEW YEAR FEASTING AT Itc)1 QONQ XI FA CAI! Usher in the Lunar New Year with tantalising dishes such as Stewed Trotters with Black Moss. Braised Oysters with Fatt Choy Cabbage. Sea Cucumber with Eight Treasures, Long Life Noodles and traditional sweets like Pineapple Tarts and Love
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    • 206 17 l" 11 "1212T LUNCH PROMOTION (From 12 noon 2.30 pm daily) Come and try our value for money "1212" lunch promotion bring at least one friend to enjoy the following special prices and discount. ii 2k [ViWnri (Mir smm orta urk ortff Mon Chicken Rice $8.50 $1.00 $4.25 Tue Nasi
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    • 95 17 Savour tradjtional favourites at Pine Court Chinese Restaurant to usher in an auspicious and prosperous New Year Reservations: 831 6262/6 Suuwtorr *4% 333 Orchard Road. *****7 Singapore. Tel: 737 4411 ff& Menu include our popular sedap Mee Siam. Nonya Laksa and the exciting Rojak and Popiah D.I.Y style. 5515.00 per
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  • Page 17 Miscellaneous
    • 840 17 CRYPTIC CROSSWORD ACROSS cussion —y —y man 27 Two items for dinner table are in the window (5,5) nmn, 11 Quits knocking military drill YESTERDAY'S SOLUTION (6-7) lnlplr>lplnliilTMTlMlnliilglTlgl 1 One caught on the rebound? Vo(e to wl(h 2 Skilful support for a number hesitation (10) of commandments can be de-
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  • MOTORING
    • 439 18  -  Daimler unit debis Financial Services and Cycle Carriage to have major stakes in UMF S'pore All reports by Christopher Tan A UNIT of Daimler-Benz Inter Services, debis Financial Services, has teamed up with Mercedes-Benz distributor Cycle Carriage to tap the car financing and leasing
      439 words
    • 425 18 More Singaporeans baying commercial units for private transport [SINGAPORE] An increasing number of Singaporeans are turning to commercial vehicles for private transport, official statistics seem to suggest. Land Transport Authority data going back to 1990 shows a growing percentage of light goods vehicles (LGVs) being
      Source: LTA  -  425 words
    • 240 18 [SINGAPORE] Fancy an 11seater Mercedes-Benz that costs less than $100,000? Check out the MBIOO then. The 2.3-litre petrol-driven coach-like wagon is being marketed by Cycle Carriage as an affordable alternative to car buyers. It is made in South Korea by a
      240 words
    • 270 18 [SINGAPORE] The French national electricity board (EDF) has teamed up with two scooter makers to promote the use of electric scooters—a move similar to Singapore Power's attempt to bring in electric vehicles here. A statement from the French Technology Press Office (FTPO) said
      270 words
    • BUMPER to BUMPER
      • 91 18 BMWS Rover is unlikely to have replacements to the 200 and 400 series any time soon. While facelifts will probably be in the pipeline, an all-new compact car will probably be launched after 2002. Given a* current uncertainties, how long after 2002 remains a
        91 words
      • 64 18 OPEL will showcase a lightweight, high-performance two-seater concept at the Geneva Motor Show (March 11-21). The mid-engined Speedster will be powered by a new aluminium four-cylinder Ecotec engine,. with displacements from 1.8 to 2.2 litres. With a curb weight of less than 800 kg, the
        64 words
      • 79 18 HONDA has lined up a busy motor-racing schedule for this year, including the SOOcc motorcycle World Grand Prix, several road races as well as Supercross events. It will again participate in the FedEx Series; and tend support to sporting activities of overseas subsidiaries, including touring
        79 words
      • 60 18 THE ageing Audi A 8 is still going strong. The aluminium flagship was named recently by US-based Automobile Magazine as the best luxury sedan, despite being near the end of its product cycle. It landed the award in the previous year as well. A
        60 words
      • 64 18 THE Mini, due sometime next year, will be retailed by BMW dealerships in most markets. That means Sime Singapore's Performance Motors will be responsible for the tiny cult car when it arrives. The exceptions are Japan, where it will be distributed by both BMW and
        64 words
      • 55 18  -  Compiled by i Christopher Tan THE SMRT, operator of the mass-rapid transit system here, is upgrading rail equipment at the Tanah Merah station. Old hydraulic point machines—mechanisms that Bwitch movable rail sections to allow trains to cross from one track to another will be replaced
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  • Page 18 Advertisements
    • 760 18 CCL may sink into the red in 1998, Pg 20 The Norinchukin Bank (Incorporated in Japan) Balance Sheets Statements of Income As of 31st March, 1998 and 1997 Years ended 31st March, 1998 and 1997 Millions of Yen Millions of Yen 1998 1997 1998 1997 ASSETS INCOME Cash and Due
      760 words

  • COMPANIES & MARKETS
    • 817 19  -  No surprise as group has earlier unveiled major revamp exercise, warned of huge provisions By i Conrad Raj [SINGAPORE] Keppel Corporation posted an after-tax loss of $144.6 million last year its first loss in 13 years as banking provisions and the ebb
      817 words
    • 416 19  -  Property arm loses 35% of its value in a year; NTA stands at $&80 vs $4.32 By] Lee Han Shih [SINGAPORE] Keppel Land yesterday, announced half a billion dollars in losses and provisions for the second half of last year, bringing total losses
      416 words
    • 200 19  -  By Ven Sreenivasan [SINGAPORE] The four Keppel group companies which announced their results on Tuesday did fairly well yesterday despite their weak results with two finishing higher and the remaining closing unchanged. Keppel Integrated Engineering rose to a high at 68 cents before closing, with
      200 words
    • 629 19  -  HOCK LOCK SIEW David Boey SINGAPORE Technologies Engineering is one of the few listed companies still thriving in these hard times. For its financial year ended last December, Singapore's largest defence and engineering conglomerate chalked up a 28 per cent rise in
      629 words
    • 437 19  - It's 100% dividend from buoyant Jurong Shipyard By) Rahita Elias [SINGAPORE] Jurong Shipyard Ltd yesterday celebrated a record-breaking 1998 with a record-breaking dividend payout for its shareholders. The company reported a stunning group net profit of $71.3 million for 1998 and said it was rewarding its shareholders with a generous
      437 words
    • COMPANIES
      • 520 20  -  Convertible notes mature in 2004; offer closes Feb 18 By' Wong Wei Kong [SINGAPORE] The retail portion of Temasek Holdings' multi-currency issue of convertible DBS Bank notes, denominated in Singapore dollars and worth $30 million, may be increased by
        520 words
      • 648 20  -  Expectations of an end to dnal listing from Temasek note issue canse selldown By Ven Sreenivasan [SINGAPORE] Singapore shares fell, led by bank stocks, as market players interpreted Temasek Holding's convertible DBS note issue as the first step towards the scrapping of
        648 words
      • 296 20 [SINGAPORE] Cycle Carriage Ltd (CCL) could sink into the red for the first time since 1985, reckoned nearly half of analysts polled. In the latest issue of The Estimate Directory, nine out of 22 research houses projected losses for the company
        296 words
      • 330 20  -  By. Audrey Tan [SINGAPORE] Problem loans of Singapore banks may peak at 10-15 per cent in a worstcase scenario, but this is a level which the banks are "well-positioned" to deal with, says rating agency Standard and Poor's. In a report
        330 words
      • 296 20  -  By 1 David Boey [SINGAPORE] Singapore Telecom shares lost five cents yesterday to close at a sevenmonth low of $2.28 after a wave of negative sentiment hit blue-chip industrials and bellwether counters. Sing Tel shares lost ground even as analysts said
        Source: Bridge  -  296 words
      • 146 20 [SINGAPORE] Dragged down by weak market sentiment, CSE Systems Engineering yesterday closed 6 per cent below its initial public offer price of 42 cents. The Sesdaq counter ended its debut at 39.5 cents, after hitting a low of 35 cents. Some 16.6 million of CSE's
        146 words
      • 264 20  - Globe books profit after six years From Al Labita in Manila A SHARP rise in the number of subscribers lifted a listed unit of Singapore Telecom (Sing Tel) to its first full-year profit in 1998, a turnaround from six years of losses. Globe Telecom, 39 per cent owned each by
        264 words
      • 322 20 [SINGAPORE] Homegrown plastics injection-moulding firm Chosen Holdings yesterday launched its initial public offer of 60 million shares at 29 cents apiece to raise $17.4 million. About $6.5 million of its $14.8 million net proceeds will fund the group's expansion in its
        322 words
      • 161 20 [SINGAPORE] Inchcape pic's sale of its 63.3 per cent stake in Inchcape Marketing Services (IMS) to Hongkong Trade and Development Council chairman Victor Fung and a group of investment funds has been taken a step further. The conditions for an option agreement, which gives Mr
        161 words
      • 592 22  -  Analysts cite weak economy, slowdown in sales, no price recovery in sight By < Corinne Kerk [SINGAPORE] Listed property companies will continue to perform badly in the current financial year due to the weak economy, slowdown in momentum of housing sales and the
        592 words
      • 408 22 It also asks enrobond holders not to force redemption of bonds Bloomberg [KUALA LUMPUR] Renong Bhd, Malaysia's biggest industrial group, postponed a meeting with its creditors aimed at presenting its debt restructuring plan, and urged them not to take action against the company, bankers said. Renong
        Bloomberg  -  408 words
      • 39 22 [HO CHI MINH] Ho Chi Minh, with seven million people, is the largest consumer of beer in Vietnam Little wonder that Aussie brand Fosters is so visible in the city, shown here on Tuesday. AFP
        AFP  -  39 words
      • 134 22 [KUALA LUMPUR] Sistem Televisyen Malaysia Bhd, the nation's biggest private television station, is seeking to reschedule its loans and sell assets as it looks to cut its mounting debt. The unprofitable company, also known as TV3, plans to sell certain subsidiaries which have incurred
        134 words
      • 249 22 Domestic sales dived 25.4% in '98, sending company 33b won into the red Bloomberg [SEOUL] Hyundai Motor Co, South Korea's largest car maker, said yesterday that it suffered a record loss in 1998 as the nation's most severe recession in nearly half a decade
        Bloomberg  -  249 words
      • 426 22  -  From. Harish Mehta in Bangkok THAILAND'S pulp and paper industry was dealt a blow yesterday when Standard Poor's downgraded Advance Agro Public Co Ltd to speculative grade, underscoring a strong possibility of its defaulting on its loans. Major pulp and paper
        426 words
      • 434 23 Slide comes after USA Networks agrees to buy Lycos in a complex deal Bloomberg [NEW YORK] Yahoo! Inc, Dell Computer Corp, Cisco Systems Inc and other technology stocks fell on Tuesday as enthusiasm for Internet shares waned. The technology-dominat-ed Nasdaq Composite
        Bloomberg  -  434 words
      • 301 23 Bloomberg [REDMOND, Washington] Microsoft Corp vice-presi-dent Laura Jennings said the No 1 software maker is interested in buying companies providing technology or content not already available on its MSN network of Web sites. Microsoft also is talking to candidates inside and outside the
        Bloomberg  -  301 words
      • 290 23 Deutsche Bank also accused of poor acquisition offer Reuters Bloomberg [NEW YORK] Bankers Trust Corp is facing a lawsuit over executive compensation that could block Deutsche Bank AG's proposed US$lO.l billion (5517.1 billion) purchase of the eighth-largest US bank. The suit, which
        Reuters; Bloomberg  -  290 words
      • 198 23 Reuters [NEW YORK] Struggling to climb back from Asia's financial crisis and diminished brand popularity, Nike Inc on Tuesday issued a cautiously optimistic forecast for its fiscal year starting in June amid signs that weak sales and oversupply have been curbed. The athletic shoe and apparel
        Reuters  -  198 words
      • 196 23 Bloomberg [CHICAGO] Ross Perot, billionaire chief executive of Perot Systems Corp, two-time presidential candidate and self-styled champion of the little guy, warned small investors to beware of high-fly-ing technology IPOs, using his own company as an example. Mr Perot, 68, said he saw first
        Bloomberg  -  196 words
      • 204 23 Reuters [WASHINGTON] Chief executive Bill Gates' stake in Microsoft Corp stood at 19.8 per cent as of late January, off by one per cent from the 20.8 per cent he held in early September, the software giant said on Tuesday. His stake is worth about
        Reuters; FILE PHOTO  -  204 words
      • 176 23 Bloomberg [COLOGNE, Germany] Metro AG, Europe's biggest retailer, said 1998 pre-tax profit rose 20.4 per cent as a reorganisation started to bear fruit. Profit from ordinary activities before taxes rose to 1.12 billion Deutschemarks (551.09 billion), below the average forecast of 1.15 billion
        Bloomberg  -  176 words
      • 409 23 They may face fines and are asked to revise their filing? Bloomberg [WASHINGTON] About half of more than 100 companies whose filings were reviewed by the US Securities and Exchange Commission failed to disclose their Year 2000 spending or their contingency plans
        Bloomberg  -  409 words
    • REGIONAL COMPANIES
      • 582 21  -  It plans to torn it into 10b euro convertible bond, says SCMP; brokers welcome move From Quak Hiang Whai in Hongkong A EUROPEAN financial institution has offered to buy a huge slice of the Hongkong government's recently acquired share
        582 words
      • 691 21  -  It also gives guarantees worth HKs7.Bb to them From 1 Quak Hiang Whai in Hongkong SINO Land, the Hongkonglisted property group of Ng Teng Fong, made advances of close to HK$lO billion (552.2 billion) or 37.8 per cent of its net assets of
        691 words
      • 298 21  -  Retail applications total $18m; $270 m institutional tranche 2 times subscribed By. Ang Wan May [SINGAPORE] Retail investors who applied for Housing Development Board bonds will get all that they wanted as the tranche set aside for them was undersubscribed by 9.35 per
        298 words
    • FINANCE & COMMODITIES
      • 127 24 AFP {TOKYO] Japan's Asahi Bank Ltd and Tokai Bank Ltd are under pressure from the government to withdraw from all of their overseas operations in return for public funds, a daUy said yesterday. The two banks, like others, are seeking funds from the
        AFP  -  127 words
      • 397 24 Move could signal end of ties between top credit card brand and issuer < Reuters [NEW YORK] Two Citigroup Inc executives have resigned from the boards of Visa International and its Visa USA unit in a move that could signal the end of
        Reuters  -  397 words
      • 379 24 Meeting today nnlikely to reverse Bangkok's decision Reuters [KUALA LUMPUR] The International Natural Rubber Organisation (Inro) is doomed to die if Thailand follows through on a promise to quit but Bangkok could harm its own interests, a senior Inro official said yesterday. "We
        Reuters  -  379 words
      • 237 25  -  «im u* Reports gfngapnwi InHmr Bob Butcher, Jardine Fleming A BIG drop the previous night in the US market and fear of a higher Japanese yen. If that news wasn't bad enough other markets in the region were also down. The local market's
        237 words
      • 198 25  -  MSCI Taiwan fatores Cecilia Woo, Refco Singapore THE Simex MSCI Taiwan Stock Index futures ended on higher ground with a rise of 1.6 points, or 0.66 per cent, in the February 1999 contract. This is what the Taiwan government wants to see the
        198 words
      • 275 25 ENERGY REPORT Bloomberg [NEW YORK] Crude oil prices hardly moved after the US Department of Energy (DOE) said inventories were little changed, offsetting an industry report on Tuesday that showed an unexpected decline. The DOE said yesterday that crude oil inventories increased
        Bloomberg  -  275 words
      • 324 25 Reuters London GROWING speculation that Japan will soon ease monetary policy kept the yen on the defensive in currency markets yesterday. The yen fell to a 1-1/2 week low against the US dollar and euro amid mounting expectations that the Bank of Japan will take action to curb
        Reuters  -  324 words
      • Article, Illustration
        1137 25 IMTERBAME CROSS RATES Feb](J C$ hw FTr HK$ UK t» HpMi y m W Ml N» tt toU HB MINI Awtrito 0.962 4.178 0.570 1740 1115 4.908 ***** 55.588 0.742 7.581 2.448 1167 32.870 25.093 1091 3.949 1913 20.800 ***** 0 vu i\laa CM* 1039 5.553 0J93 3.887 1159 5.184
        1,137 words
      • 1735 25 S1C0M FUTURES FeblQ RUBBER (Mwtsdosiflq««t5J0pa) RSS1C0NTIACT(ScMts/k4) Close VoiWM Open Mowtfc Njgb Lot Sett (tomes) Wgwrt HwW ***** 500 Apr 99 112.25 850 Key 99 1T7.00 117.00 114.75 600 925 *099 116.75 200 •H/Sep 99 •> 120.25 975 Oct/Dec 99 123.75 300 RSS3C0NTBACT<UScMts/t«) Votme Open Mowtt Mfh Lot Srtt (Kjts) **99
        1,735 words
    • 2354 26 LfttHHffl Industrials MM Nik* 31 Group 609.000 -16.000 AB Ports 283.000 -4.000 Abbey National 1126.100 -5.940 AHied Domecq 459.400 -5.600 AIMed Zurich 842.000 -32.000 Am* 188.000 3.000 Asda Croup 153.000 1.000 BAT Ind 615.000 -20.000 BG Pit 350.200 -5.800 BICC 81.000 3.000 BOC Croup 858.400 42.400 BR
      2,354 words
    • 1592 26 AFP P* Nikkei 225 +49.74 TOKYO share prices closed 0.4 per cent higher yesterday on late bargain-hunting as the yen dropped against the US dollar, brokers said. The yen's fall to the 115 level gave a boost to stocks which stayed in negative territory through mid-afternoon, brokers said. A
      AFP  -  1,592 words
    • Article, Illustration
      1282 26 AFP CI Hang Seng -168J6 SHARE prices plunged 1.8 per cent yesterday following a sell-off on Wall Street overnight and as buyers stayed on the sidelines ahead of the Chinese New Year holiday, dealers said. "There are a lot of uncertainties in the market following the sharp fall on
      AFP  -  1,282 words
    • 359 26 AFP QWP Index *74.37 TAIWAN share prices rose 1.3 per cent yesterday on buying by a government fund ahead of the market's closure for a nine-day Chinese New Year holiday, analysts said. The benchmark Taiwan Stock Exchange Weighted Price Index gained 74.27 points to 5,798.00. "The government must have
      AFP  -  359 words
    • KUALA LUMPUR STOCK MARKET
      • 8589 27 Transaction date :Feb 10 INDUSTRIALS 1999 Lm) Day Nat Cap H*g» Low Cimpany tate 'OOP Htgfc L— P/t %*m 310 280 Ajinomoto 280 154 H3.5 83 62 Angkasa 71 -3 23 74 68 104.7 283 244 Apollo Food Hlg 255 5 8 258 252 8.9 102.0 204 152 Barjaya Land
        8,589 words
      • 411 27 AFP. AFX-Asia QftHnpoate Index -U9 MALAYSIAN share prices closed 0.4 per cent lower yesterday on a light bout of profit-taking, dealers said. The KLSE Composite Index dipped 1.99 points to finish at 546.15. The Second Board Index feU 1.92 points to 145.22. A dealer
        AFP.; AFX-Asia  -  411 words
    • WARRANTS, OPTIONS & REGIONAL MARKETS
      • 211 28  -  WARRANT WATCH By Ven Sreenivasan KEPPEL Telecommunication and Transportation was one of the few companies which in recent days managed to unveil a reasonably good set of results. On Tuesday, the company said its net earnings rose by 12 per cent to $12.9
        211 words
      • 1869 28 BONDS, LOANS i WARRANTS art M-*t Last Vol Day Last Oust* Avq Hk)h Lew Stno Company Sal* *f COOO) High Law Buyer Sailer Price 20.5 3 3160 »Acer ******1USS 11.5 *0.5 25 11.5 11 11 12 35 4.5 3164 Acma ******4 15 *0.5 290 15.5 14.5 15 15.5 15 3161
        1,869 words
      • 212 28 HONGKONG STOCKS ■wnwnvnv i ww# Cr Or Laa« Val Day Lnt Owto CMv Mv n M M Cap Htgn Low Stna Con+*y Sate COOP) Ht» L— Pwyf H Cw E/t So* 5123 COL (2000) MK 400 0 2.4 2 20.5 7744.7 5124 Cathay Pac 20c MK— 720 265
        212 words
      • 251 28 AFP n Wellington -62.49 NEW Zealand shares fell 2.9 per cent yesterday as an overnight fall on Wall Street spooked investors, dealers said. The benchmark NZSE-40 Capital Index closed 62.49 points lower at 2103.80 on turnover worth NZ576.5 million. Losers far outstripped gainers 94 to 14. AFP row us
        AFP  -  251 words
      • Article, Illustration
        750 28 AFP P SET Index -5J2 THAI shares slipped 1.8 per cent at the close of trade yesterday, with sentiment subdued by falls in New York and the country's banking woes, analysts said. Analysts said domestic and offshore trends combined to send the market lower for the fourth session in
        AFP  -  750 words
      • 403 28 AFP Fl Composite Index +Lll SOUTH Korean share prices closed barely higher on a late rebound on Monday, reversing early sharp falls on fu-tures-led selling and higher money market rates, dealers said. "The market was subjected to a brutal fall in early trade, but recovered on revived retail interest
        AFP  -  403 words
      • 588 28 AFP nAfl Primaries -3SJ AUSTRALIAN share prices slumped 1.2 per cent yesterday, tracking similar sharp falls on European and US markets overnight, brokers said. The All Ordinaries Index lost 35.9 points to 2,854.8. Turnover totalled 399.39 million shares worth A 51.14 billion. The All Industrial Index fell 58.6 points
        AFP  -  588 words
      • Article, Illustration
        710 28 AFP C 3 Composite Index -4J5 INDONESIAN shares fell one per cent yesterday on weak regional market sentiment following Wall Street's decline overnight, dealers said. "Many investors also opted to take a wait-and-see attitude due to concerns over Wall Street and political instability ahead of the election," a dealer
        AFP  -  710 words
      • 309 28 AFP Q Manila -37.83 SHARE prices fell 2 per cent yesterday due to a falling peso and fears of lower economic growth in the first quarter of the year, analysts said. The Composite Index fell 37.83 to close at 1,897.19 points. Turnover fell to 469.84 million shares worth 1.23
        AFP  -  309 words
    • STOCK EXCHANGE OF SINGAPORE: MAIN BOARD
      • 6563 29 Or Or M Wt J2-Wk Last Vol Day Last Ouot. ON M> W M Cm Avg High Low StNo Company Solo COOP) High Low Buyof SoUof C'vr P/l $m* Price MULTMNMISTRY 142 17.5 in t 1000 AcmaSOc 69.5 -0.5 157 70 68 69 69.5 27.5 1 »9.8 4.9 115 70
        6,563 words
      • 1106 29 Or Or mm 52-Wk Last Vol Day Last Ouoto Dtv M> n NM c«0 Avg Mm> Lo» StNo C M» rOOO) W0i Low Bwyr Umrn CV P/t t— Ww MANUFACTURING 231 30 o 2049 'AS Auto 10c 88 -I 565 915 16 88 88.5 15 N 7 17 8.3
        1,106 words
    • STOCK EXCHANGE OF SINGAPORE
      • 408 30 Stock! Votamt SembCorpI 25c 19.762,000 CSE Sys i Enqq 5c 16,635.000 STEngglOc 8,222,000 DBS Foreign 7,251,000 DBS Land 6,614,000 •TanChonglnt50c 5,649,000 Eagle Brand Hklgs HK75c 5,214,000 DairyFUS5c 5,125,000 CKTang Wt99 4,723,000 OUB Foreign 4,678,000 Stwla DBS Foreign 79,917,670 SembCorpI 25c 37,268,570 OCBC Foreign 31,093,932 SPH 30,379,041 UOB Foreign 24,504.760 OUB
        408 words
      • 625 30  -  STOCK MARKET COMMENTARY Market players square positions ahead of Chinese New Tear holiday; Dow volatility still a concern By Ven Sreenivasan SINGAPORE stocks slipped further yesterday as market players squared their positions ahead of the Chinese New Year holiday period. The stock market
        625 words
      • ON THE GRAPEVINE
        • 293 30 IT'S come to our knowledge that Margaret Koh, whose resignation from OCBC Bank has been at the centre of some intriguing "Why did she do it?" coffeeshop talk at Raffles Place, sent a sharp e-mail to Alex Au (alias Double A), the new chief executive at OCBC.
          293 words
        • 66 30 ASKED how the new Rover 75 will be priced against a similar BMW product, a senior Rover executive started off by saying BMW was not a competitor to Rover. He explained that the 75's rivals included such cars as Audi and Mercedes-Benz. These, we all know, are traditional
          66 words
        • 91 30 STAND aside Starbucks, Coffee Bean Tea Leaves and the Coffee Club. A new brew is coming from the Academy of Law. According to the academy's newsletter, its restaurant at City Hall is introducing its own blend of coffee bean and fruit-flavoured teas. So before you attend another
          91 words
      • Article, Illustration
        59 30  -  -By Wong Wei Kong ST Engineering shares closed down $0.02 yesterday at $1.39 on a volume of 8.22 million shares, compared with its 10-day traded average of 14.8 million units. The daily and weekly fiSI and Stochastics, as well as the MACD charts, suggest that the stock is
        59 words
  • Page 19 Advertisements
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  • Page 20 Advertisements
    • 672 20 CSA CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) UNCONDITIONAL CASH OFFER BY CSC COMPUTER SCIENCES INTERNATIONAL INC. The Directors of CSA Holdings Ltd ("the Company" or "CSA") wish to announce that the Securities Commission in Malaysia ("SC") has ruled that the Company is required to make a mandatory
      672 words
    • 11 20 IPO Chosen Hldgs 29 cents 7.95 x 13.92 cents Electronics/ Manufacturing
      11 words

  • Page 21 Advertisements
    • 27 21 FOUND SOMETHING? Locate its owner through Gassification 821 (Found). Simply call C.A.T.S. at T (fff 1800-737-1166 for this free service. I CAT S -I Another Classified Service
      27 words
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  • Page 22 Advertisements
    • 990 22 QfnEHJTatLee Bank Keppel Tat Lee Bank Limited I (Incorporated in the Republic of Singapore) The Board of Directors of Keppel Tat Lee Bank Limited wishes to announce the following:1. AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 The Group The Bank 1998 1997 1998 1997 $'000 $'000 $'000 $000
      990 words

  • Page 23 Advertisements
    • 686 23 r^ItJIFELS Keppel FELS Limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 The Directors of Keppel FELS Limited advise the following unaudited results of the Company and of the Group for the year ended 31 December 1998: COMPANY GROUP 1998 1997 1998
      686 words

  • Page 24 Advertisements
    • 564 24 I '.1 '.TJI Corporation Keppel Corporation Limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 The Directors of Keppel Corporation Limited advise the following unaudited results of the Company and of the Group for the year ended 31 December 1998: COMPANY GROUP
      564 words
    • 696 24 I nil .1 If J1 Land Keppel Land Limited I (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1998 The Directors advise the following unaudited results of the Company and of the Group for the year ended 31 December 1998: COMPANY GROUP 1998
      696 words


  • Page 26 Advertisements
    • 32 26 HOCK LOCK SIEW Takes you behind the news TheßusinessTimes SINGAPORE 0 ♦The China A and B share markets are closed for the Lunar New Tear holidays. Trading resumes on March L Strait
      32 words


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  • Page 29 Advertisements
    • 55 29 Citibank Margin Trading Account Trade up to 2.5 times your share value or withdraw CASH on it. Call 339-7126 now. THE C IT I NEVER SLEEPS It i.iii i lit .11 I s||,III II .1 x 21. N 11 1 Ih.l I <1 K<> .Ml 2 I I i- t
      55 words

  • Page 30 Advertisements
    • 2085 30 Want to get the best trading ideas? Call DBS Investor Online at 438-1188 )[ftBANK THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES NOTICES To advertise call toll-free 1800-741 1883 Fax No: 741 1298 ELECTRONIC RESOURCES LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of
      2,085 words
    • 389 30 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 15th Annual General Meeting of the shareholders of Wearnes International (1994) Limited will be held at 65 Chulia Street, OCBC Centre, #50-00, Singapore *****3 on Friday, 12 March 1999 at 10.30 a.m. for the following purposes: 1. To receive
      389 words
    • 30 30 Corrigendum Re: Liquor Licence Notice in Business Times on 29/1/99 Applicant: Wong Bun Tong The type of liquor licence applied should be Beer House, First Class and not as published.
      30 words

  • SHIPPING TIMES
    • 306 31 Bridge News Reuters SOME firmer rates were paid fbr Atlantic Panamaxes but so feucharterers and owners remained in a stand-off. Futures drifted during the morning session as traders sought news from the physical sector which is still consolidating, Clarksor. Securities Ltd said in its daily Bifltex market report.
      Bridge News; Reuters  -  306 words
    • 246 31 ■HMMIMi N>» < CWT DtetrtbuMon 0.49 -0.01 19 omwHmp o.59 -aon w Coaco tovattmant .047 FreWMUnta a153 -0.005 S10 MM*fl 0J49 -0.01 27 H«l Sun Hup 0.44 *0.01 95 HRacMZoM* OT9 mcim*ni HK 5.60 ■hyiWm 0.50 Mnda 15 JWMSMpv«(4_«.70 -039 297 *m*CMp 154 *0.10 2074 Mwinu 2.60 *0.03
      246 words
    • 475 31  -  Shippers, lines resolve long-rnnqing dispute after govtbrokered meeting By Felix Chan [SINGAPORE] Hongkong shippers had every reason to smile following a govern-ment-brokered meeting with shipping lines which saw the imposition of a 10-month freeze on terminal handling charge increases at the port. The
      FILE PHOTO  -  475 words
    • 757 31  -  EBWBUILPS By] David Hughes IN general, the newbuilding scene remains quiet but an Iranian order for five very large crude carriers (VLCCs) has attracted considerable attention. Partly, National Iranian Tanker Co's (NITC) five-ship order is notable in being the first VLCC
      757 words
    • 289 31 Partner of Peiindo venture to be announced in 10 days Bloomberg [JAKARTA] Indonesia will pick one of four international companies bidding for a stake in a venture with state-owned port company PT Peiindo II within days, said an official at the
      Bloomberg  -  289 words
    • 255 31  -  By] Felix Chan [SINGAPORE] The American Bureau of Shipping-classed vessels (ABS) have breached a record 100 million gross tons, the first time the ABS fleet has exceeded the mark since the mid-*****, the classification society said. The record tonnage has
      255 words
    • 211 31 Reuters [COLOMBO] Sri Lankan shippers said yesterday a rise in ship arrivals at Colombo last year could be discounted by a decline in transhipment volumes which were likely to fall further this year. "Overall ship arrivals are nothing to crow about because the transhipment figure
      Reuters  -  211 words
    • 1034 32 A new science called marine forensics being tested on historic wrecks may help discover why ships sink at sea DISASTERS AT SEA LAT-WP WHEN an airliner crashes, investigators scour the wreckage for that scorched wire or mangled engine fragment that can explain what went wrong.
      LAT-WP; RMS TITANIC INC/DISCOVERY CHANNEL  -  1,034 words
    • 211 32 PACE Donqnama 3 ACL 6 ECU line 6 AMI j ECL 5 II Accord 8 Moreen 6 Appenshtp 5 Austral 8 G Link Baiaji stipq 4 C«m*trwj 8 7 HUSwHup 8 B'tang Mas 8 H40,tl 7 ccm 7 M 1 3 M** 4 'zr CSAV 3 Interasia
      211 words
    • 17988 39 THEBUSINESSTIMES EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Oest'n Name same Number Number SIN Dest'n Name Name Number Number tNMMMMNMMMMNMMMaBMaMMHMMMMINMMMNMM SMMWMMaMMMHMMMMMMHMMMMIMMMMMMNMNMMIMMMN loinllu 1D To BUENOS AIRES (BUE) 2060 Argentina To ABIDJAN (ABJ) 2003 Cote D Ivoire n/02 17/03 cosco starlight river
      17,988 words
    • SHIPS IN PORT
      • 708 43 Voy No Berth Arrival Departure M Kembang S *****9 M Hongside 10 02/2000 It Mastika *****9 J01 alongside 10.02/1600 MTKcr *****9 J01 alongside n.02/0600 M Mr* to U0299 J01 alongsidt 11.02/0100 FU9 J01 alongside 10.02/2359 ftMM Attadl 02/99 J03 itompx* n 02/2359 Ml 2/99 jn alongside 10.02/2000 C
        708 words
      • 1770 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Book inq/fUlo nee Rstls Ship Voy No Etb/Btr Period From To From AO MMu 0051 12/0700 U 10/1500 10/1459 10/1900 10/1500 10/1459 «M0 2A 10/1700 TV0459 n/0900 a io/i7oo tt/Mn n/owo 3 IV0700 n/m» n/vtoo n/1200 n/M» n/TToo *1 Pnnctss
        1,770 words
      • 223 43 Feb IS China: Chinese New Year Eve. Taiwan: Chinese New Year Eve. United States: Washington's Birthday Holiday. Mil Brunei: Chinese New Year. China: Chinese New Year. Portugal: Carnival. Singapore: Chinese New Year. South Korea: Chinese New Year. Taiwan: Chinese New Year. Feb 17 China: Chinese New Year. Singapore:
        223 words
      • 754 43 THIS report compiled by Cockett Ma rlne Oil Ltd. shows price ranges in US dollars Instead of single prices for a more comprehensive description of the market Prices shown are based on averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the
        754 words
      • 480 43 Carton P»«»ltT Water teiHue Art HgMg SUhlll «Nfll (ll« M/W*i »V/V %M| M/M mi —Q»« ISO/CMMC 1Mb Spec E25 991 LO «!o o!» 80* o!»* Sp*c 635 991 1.0 18.0 0.15 80* O.W NortHem Europe l»0 Ave 961.9 0.1 12.0 0.03 22 0.01 100 Mai 990.6
        480 words
    • AIR & LAND TRANSPORT NEWS
      • 397 44 Measure will prevent US from selling planes with noise reduction devices to Europe AFP [WASHINGTON] A European Union anti-noise directive, which could be approved this week, could jeopardise US$l billion (551.68 billion) worth of US aircraft and aircraft engine orders, a senior
        AFP  -  397 words
      • 142 44 [SINGAPORE] Qantas Airways yesterday said it plans to start code-share flights with China Eastern Airlines in March under a wide-rang-ing pact. Under the code-share agreement, Qantas would operate three return Boeing 767-300 services each week between Sydney and Shanghai, while China Eastern would offer
        142 words
      • 368 44 AMERICAN AIRLINES STRIKE Bloomberg [FORT WORTH, Texas] AMR Corp's American Airlines, the world's No 2 carrier, cancelled a third of its flights on Day 4 of a pilot protest over its purchase of low-fare airline Reno Air Inc, and said it expected several
        Bloomberg; REUTERS  -  368 words
      • 482 44 Bridge News [WASHINGTON] The government, airlines and the nation's largest pilot union reached an agreement that will allow continued simultaneous takeoffs and landings on intersecting airport runways. The deal, reached between the Federal Aviation Administration, the Air Transport Association and the
        Bridge News  -  482 words
      • 203 44  -  Japanese carrier wants to increase code-share flights with United Airlines By. Felix Chan [SINGAPORE] All Nippon Airways (ANA) yesterday filed an application with the Japanese authorities seeking to expand code-share operations with alliance partner United Airlines ahead of its entry into the Star Alliance. The
        203 words
      • 136 44 AFX-Asia [JAKARTA] Transportation Minister Giri Suseno has approved the proposal of domestic airlines to increase tariffs following the rise in aviation turbo ftiel and aviation gas prices, Bisnis Indonesia reported. "The government has decided to let the Indonesian National Air Carriers Association
        AFX-Asia  -  136 words
      • 1778 44 CITY FUGWT EM FUOHT EW S***** 2359 AMtM* 8*7381 1930 1*7382 2050 Fatarti S0909 1715 SOW 0130 0f81 1930 0f82 2050 n, ll|rtl HK SOW W5 CQ52 OPST COB 2038 ***** MB 22 Nmm4 VH741 OK *W740 1410 i ***** 2230 mm ms Aftltirlia SO23 0645
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      • 64 44 [TOKY O] A new model of the Nozomi Shinkansen 'bullet' train series 700 with a duck-billed front (left) sits beside a current model Nozomi series 300 in a debut at a Tokyo station yesterday. The new Nozomi will run on a I,oookm route between Tokyo and the
        REUTERS  -  64 words
      • 507 44 Top managers fired, board members cut to 15 from 20 Bloomberg [MOSCOW] Aeroflot, Russia's national airline, said it fired top managers and is reorganising the company to improve performance and stop employee theft. "The actions we took were aimed at making the company healthier financially,"
        Bloomberg  -  507 words
  • Page 31 Advertisements
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  • Page 32 Advertisements
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  • Page 39 Advertisements
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  • Page 41 Advertisements
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  • Page 42 Advertisements
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  • Page 43 Miscellaneous
    • 105 43 LEGEND: Thund#f*tofm T emperoture c X\ V W.oth.r Wmd direction w,th speed knots Rom Cloudy Sky Wove height WJoc# wind* <k« indicated by orrows which ffy wrtt, tHe wind W I a holl(Wh wlw skm>K -I—P" 0 kno w m^uofo .S mi,.. 01 0 5 rn.tr., 02 10 rn.tr., 03
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